Retail/Shop for sale Dartmouth TQ6 9SA,397sq ft

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Retail/Shop

Retail/Shop For Sale Dartmouth

PROPERTY ID: 140362

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

397 sq.ft

Key Features

Ground floor shop let with sold off flat above

Income producing investment opportunity

Desirable seaside town

Rent: £14,600 p.a.

Freehold price: £185,000

Property Details

Dartmouth is an attractive and historic coastal town located on the banks of the River Dart estuary. The town is a popular holiday destination and has a resident population of approximately 5,000. It is situated around 40 miles south of Exeter and 31 miles east of Plymouth. Totnes is 13 miles to the north west via the A3122 and Paignton approximately 6 miles to the north, and the rest of Torbay reached via the A379 and car ferry (one of two regular crossings). The town centre is centred around the Quay leading to Fairfax Place together with Duke Street with a large public pay and display car park and harbour nearby. Retailers of note in the town include Boots, Henri Lloyd, Crew Clothing, Fat Face, and Marks & Spencer, and there is a strong local/independent retail presence in the town. The property benefits from a prominent trading position on the corner of Foss Street a charming, pedestrianised location renowned for its vibrant mix of independent boutiques, and Duke Street popular with independents and national occupiers alike attracting high footfall from both locals and visitors. Surrounding occupiers include Quba Sails, The Deli at Dartmouth, Cotton Traders, Cancer Research and Mountain Warehouse.

Ground Floor Shop Let With Sold Off Flat Above Income Producing Investment Opportunity Desirable Seaside Town Freehold Price: £185,000 Rent: £14,600 P.a. Dartmouth Is An Attractive And Historic Coastal Town Located On The Banks Of The River Dart Estuary. The Town Is A Popular Holiday Destination And Has A Resident Population Of Approximately 5,000. It Is Situated Around 40 Miles South Of Exeter And 31 Miles East Of Plymouth. Totnes Is 13 Miles To The North West Via The A3122 And Paignton Approximately 6 Miles To The North, And The Rest Of Torbay Reached Via The A379 And Car Ferry (one Of Two Regular Crossings). The Town Centre Is Centred Around The Quay Leading To Fairfax Place Together With Duke Street With A Large Public Pay And Display Car Park And Harbour Nearby. Retailers Of Note In The Town Include Boots, Henri Lloyd, Crew Clothing, Fat Face, And Marks & Spencer, And There Is A Strong Local/independent Retail Presence In The Town. The Property Benefits From A Prominent Trading Position On The Corner Of Foss Street a Charming, Pedestrianised Location Renowned For Its Vibrant Mix Of Independent Boutiques, And Duke Street Popular With Independents And National Occupiers Alike attracting High Footfall From Both Locals And Visitors. Surrounding Occupiers Include Quba Sails, The Deli At Dartmouth, Cotton Traders, Cancer Research And Mountain Warehouse. The Property Comprises A Ground Floor Self Contained Lock Up Shop With Well Configured Sales Space Together With Staff W/c To The Rear And A Sold Off Flat Above. Accommodation The Property Comprises A Net Internal Floor Area Of Approximately 397 Sq.ft (36.96 Sq.m). Proposal The Freehold Is For Sale At A Price Of £185,000 Subject To The Benefit Of The Occupational Lease Providing An Annual Income Of £14,600 Per Annum. This Reflects A Net Initial Yield Of 7.72% After Normal Purchasers Costs. Vat Is Not Chargeable To The Purchase Price. Each Party To Bear Their Own Legal Costs In The Transaction. The Epc For The Ground Floor Can Be Provided On Request. The Property Is Being Sold With The Benefit Of A Lease To The Trustees Of Country Hill Animal Shelter For A Term Of 12 Years From 12th May 2021, On A Proportional Full Repairing And Insuring Basis (40%). The Passing Rent Is £14,600 Per Annum Subject To A Review On A Three Yearly Basis. The Rent Review In 2024 Was Not Exercised. The Flat On The Upper Floor Has Been Sold Off On A Long Lease For A Term Of 999 Years From 23rd November 1976 (expiring 23rd November 2975) At A Ground Rent Of £10 Per Annum.

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About the Agent

Stratton Creber Commercial - Exeter

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Retail Unit

£185,000 Freehold

2 Victoria Road, Dartmouth, TQ6 9SA

Retail/Shop - Available
397 sq ft
37 sqm

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